Budget Standoff in Congress Sparks Market Jitters
8
2
Washington’s fiscal deadlock is sending ripples through financial markets as Republican infighting delays a critical budget bill. The impasse over state and local tax (SALT) deductions has derailed the GOP’s timeline, with President Trump’s personal intervention failing to break the logjam.
The stalled legislation threatens to exacerbate America’s $36 trillion deficit, creating macroeconomic uncertainty that could spill over into risk assets. While no direct cryptocurrency mentions appear in this political showdown, such fiscal turbulence historically benefits decentralized alternatives to traditional finance.
By:
Previous
New York City to Establish Crypto Advisory Council Under Mayor Eric Adams
Next
Estate Planning Strategies for Wealth Preservation and Efficient Asset Transfer
